$125 Oil Not Sustainable for the Time Being [View article]
T. Boone Pickens offered a very simple analysis: supply is 86 million barrels/day and supply is 85 million barrels/day.
My opinion:As long as demand exceeds supply, futures traders can put te price higher, what is there to stop them? Once supply is greater then demand and the futures traders want to go short in mass then the price will drop.
$125 Oil Not Sustainable for the Time Being [View article]
My opinion:As long as demand exceeds supply, futures traders can put te price higher, what is there to stop them? Once supply is greater then demand and the futures traders want to go short in mass then the price will drop.